As a beneficiary, I received a PA RK-1 showing income from an Estate. I'm using TurboTax Premier and do not see an option to enter the PA RK-1 for the PA state return.
I also received a Federal K-1, but all dollar fields are blank, no income to report, so I did not enter the K-1 in the federal return.
I saw a posting from several years ago that recommended entering the K-1 and putting $1 in the interest income field, so that TurboTax would then trigger opening the RK-1 form in the PA state return, as a work around to the problem.
Is this the correct way to handle this, and if so, do I then go back to the Federal K-1 and delete the $1, or delete the entire K-1 since all fields are blank?
Thank you.
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Yes, entering the Federal K-1 with a minimal amount of income will allow TurboTax to transfer the K-1 information to your Pennsylvania state return. If you enter an amount less than 50 cents, your federal entry will be reported as zero, which is consistent with how the Estate was reported to you. You may then make the necessary adjustments to the PA RK-1 to report the activity for the state.
Yes, entering the Federal K-1 with a minimal amount of income will allow TurboTax to transfer the K-1 information to your Pennsylvania state return. If you enter an amount less than 50 cents, your federal entry will be reported as zero, which is consistent with how the Estate was reported to you. You may then make the necessary adjustments to the PA RK-1 to report the activity for the state.
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